RAIDEN RESOURCES LIMITED — Director's Dealing 2008

Apr 22, 2008

23rd April 2008

Company Announcements Office Australian Stock Exchange Limited Sydney NSW 2000

Dear Shareholders

Following the announcement of the employment of Mr Corey Budd as Managing Director to Shell Villages and Resorts Limited (ASX:SVC), the board have ratified his position as a Director on the Board of The Company.

Under Listing Rule 3.19A, and for the purposes of Section 205G of the Corporations Act, we attach the relevant Appendix 3X Initial Director's Interest Notice for Corey Budd.

Lynn Thompson COMPANY SECRETARY

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	SHELL VILLAGES AND RESORTS LIMITED
ABN	68 009 161 522

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MR COREY BUDD
Date of appointment	22ND APRIL 2008

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

210,000 Ordinary Shares

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder & nature of	Number & class of Securities
interest
Note: Provide details of the circumstances giving rise tothe relevant interest.	N/A

Part 3 – Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates

+ See chapter 19 for defined terms.